Market Updates
New Orders for Manufactured Goods Declined 1.6% In January
Brian Turner
06 Mar, 2023
New York City
New orders for manufactured goods in January fell $8.9 billion or 1.6% to $542.8 billion, following the downwardly revised 1.7% rise, the U.S. Census Bureau reported Monday.
New orders declined in two of the last three months but shipments declined for the third month in a row in January by 0.7% following the fall by 0.6%.
Unfilled orders increased $0.3 billion or virtually unchanged to $1,157.0 billion following a 1.1% December increase.
Unfilled orders increased for the twenty-ninth months in a row in January and the unfilled orders-to-shipments edged up 6.07, up from 6.06 in December.
Inventories increased $0.4 billion or virtually unchanged to $808.3 billion following a 0.4% increase in December.
Inventories rose for the fifth month in a row and the inventories-to-shipments ratio slightly decreased to 1.48 from 1.49 in December.
Durable goods orders in January were unrevised at 4.5% in January to $272.4 billion, following a 5.1% increase in December.
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